5. Union Government recently released Direct Selling Guidelines 2016 framework .......
1) to protect consumers from Ponzi frauds
2) to save small traders from the new guidelines Companies Act
3) to initiate the guidelines for GST council to frame GST Percentages
4) to switch on for initiation of Second generation of National Financial
5) to guide banks not to do direct selling to its customers

6. The Securities and Exchange Board of India (SEBI) on 8 August 2016, denied any regulatory purview over ponzi schemes. It said it is responsibility of whom to protect the investors from ponzi Schemes?
1) RBI 2) IRDAI 3) Union Government 4) TRAI 5) State governments

7. Which state launched the Kaushalya SETU (Self-Employment and Talent Utilization) initiative, a skill development program for students on 19 October 2016?
1) AP 2) Telangana 3) Maharashtra 4) Assam 5) Meghalaya

8. Goods and Services Tax (GST) Council reached a consensus that the states would be compensated for any loss of revenue after implementation of the new indirect tax regime. Base year for calculating the revenue of a state would be ........
1) 2014-15 2) 2015-16 3) 2016-17
4) 2013-14 5) 2011-12

9. The GST Council headed by Arun Jaitley said the secular growth rate of ....would be taken for calculating the likely revenue of each state in the first five years of implementation of GST.
1) 18% 2) 21% 3) 12% 4) 26% 5) 14%